For personal use only Investor Update - August 2017 ASX Code : G88 - - PowerPoint PPT Presentation

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For personal use only Investor Update - August 2017 ASX Code : G88 - - PowerPoint PPT Presentation

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For personal use only Investor Update - August 2017 ASX Code : G88 www.goldenmileresources.com.au DISCLAIMER This presentation has been prepared by Golden Mile Resources Limited (Golden Mile) and contains For personal use only

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ASX Code : G88

Investor Update - August 2017

www.goldenmileresources.com.au

For personal use only

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DISCLAIMER

This presentation has been prepared by Golden Mile Resources Limited (“Golden Mile”) and contains background information about Golden Mile and its related entities current at the date of this presentation. The presentation is in summary form and does not purport to be complete or all inclusive. It is for information purposes only. The material herein does not constitute an invitation, solicitation, recommendation or an offer to purchase or subscribe for securities in any jurisdiction. Recipients should conduct their own investigations and their own analysis to satisfy themselves as to the accuracy, completeness and relevance of the information, statements and opinions contained in this presentation and should consult their own business, legal and/or financial advisers when making any investment decision or any decision to purchase any securities in Golden Mile. Golden Mile makes no representation or warranty, express or implied as to the accuracy, adequacy or completeness of any of the information in this presentation. To the fullest extent permissible by law, Golden Mile, its officers, employees, agents and advisers expressly disclaim liability for any loss or damage which may be suffered by any person through the use or reliance on anything contained in or omitted from this

  • presentation. Certain information in this presentation refers to the intentions of Golden Mile, but these are not

intended to be forecasts, forward-looking statements, or statements about future matters for the purposes of the Corporations Act or any other applicable law. The occurrence of events in the future are subject to risks, uncertainties and other factors that may cause Golden Mile’s actual results, performance or achievements to differ from those referred to in this presentation. Golden Mile, its officers, its employees, its agents and its advisers do not give any assurance or guarantee that actual results and events will not differ from Golden Mile's expectations.

Investor Update - August 2017

For personal use only

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Golden Mile Resources (‘Golden Mile’) successfully listed on the ASX in June 2017 – our work program has moved into ‘high gear’!

INTRODUCTION

  • TWO highly prospective nickel-cobalt, and FOUR gold

projects, in Western Australia (100% owned G88)

  • Priority exploration on advanced projects – near term

resource and development opportunities

  • First phase of drilling completed on the Quicksilver

Cobalt project - results pending!

  • Exploration and evaluation of Leonora projects,

including Minara Ni-Co and Leonora East Gold also underway – gold at surface at Chain Bore

  • Active exploration and drilling programs, with over

$750,000 of budgeted expenditure before year end, 2017.

Investor Update - August 2017

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Page 4

CAPITAL STRUCTURE

Investor Update - August 2017

Equity Position

Shares on Issue: 51,825,001 Unlisted Options: 8,500,000 Market Cap (@ A$0.15): A$7.8 Million Cash as at 30 June 2017: A$4.4 Million Enterprise Value: A$3.4 Million

Capital Structure - Notes*

Top 20 @ 30 June 2017: 33,425,000 (64.50%) Shares available to IPO (June 2017): 22,500,000 (43.42%) Board & Management: 7,950,000 (15.34%)

*Please note the above groups are not ‘mutually exclusive’ and there will be cross over in holdings between the categories listed above.

Gold nuggets recently recovered in the vicinity of the historic ‘Royal Harry’ workings on G88’s Leonora East project

Approx 20 mm

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BOARD OF DIRECTORS

Investor Update - August 2017

Rhod Grivas

Non-Executive Chairman

  • Director with more than 25 years experience in the resources sector - background in exploration & mine geology
  • 16 years of Board and Management experience including Managing Director of ASX/TSX listed gold miner Dioro

Exploration, where he oversaw the development of a gold resource from discovery through to production

  • Appointed March 2017

Tim Putt

Managing Director

  • Director with more than 20 years experience in the resources sector - background in exploration & mine geology
  • Experience includes board, technical & management positions, including CEO of ASX listed explorer Sabre

Resources, with a track record of discoveries in Australia, Africa and the Pacific Basin

  • Appointed December 2016

Phillip Grundy

Non-Executive Director

  • Partner at Moray & Agnew lawyers and an expert in Corporate Law, Mergers & Acquisitions
  • Acts as a legal advisor to many ASX-listed public companies across a broad range of industry sectors, also advises

Australian and international companies in relation to Corporations Act and the Listings Rules compliance

  • Appointed November 2016

Dr Choo Koon Lip

Non-Executive Director

  • Holds a Doctorate of Business Administration in Investment Psychology & an MBA from the University of California
  • He is a specialist in private equity and venture capital investment, and owns a number of trading and investment

businesses in Singapore, Malaysia, Hong Kong & China

  • Appointed November 2016

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QUICKSILVER NICKEL -COBALT

QUICKSILVER Ni-Co

QUICKSILVER COBALT-NICKEL-SCANDIUM PROJECT

  • Located 340 km south of Perth near the wheat belt town of Hyden,

adjacent to rail infrastructure leading to Albany port

  • Outstanding infrastructure including roads, rail, power & water
  • Extensive surface cobalt anomaly (results over 300 ppm) at Garard’s

covering more than 2,500 metres of strike

  • Numerous historical intercepts >1,000 ppm (0.1%) Cobalt, with shallow

drilling returning high-grade cobalt, and associated nickel, including: VH013 4 metres @ 0.68% Cobalt from 2 metres QRC015 3 metres @ 0.46% Cobalt from 9 metres

  • Systematic drilling of Garard’s recently completed by G88 on 400 x 100

metre spacing - results pending!

  • Scheduled to move to resource drilling in September-October 2017 –

drilling permits approved

Investor Update - August 2017

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QUICKSILVER NI-CO TARGETS

Page 7 Investor Update - August 2017

Garard’s Prospect

15 km

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QUICKSILVER NI-CO – GARARD TARGET

6,368,000 N 656,000 E 657,000 E 658,000 E 6,370,000 N 6,369,000 N 6,371,000 N

‘Garard Sth’ ‘Wyatt’s West’ ‘Wyatt’s’ ‘Fenceline’ ‘Ridge Cap’

  • Golden Mile’s exploration has included infill and

extensional soil sampling as well as drilling testing

  • Historical sampling identified anomalous cobalt
  • ver more than 2,000 metres of strike at Garard
  • G88 surface geochemical sampling further

extended the Garard anomaly to over 2,500 metres of strike)

  • Additional prospects identified at Wyatt’s West

and Garard South – anomalous scandium in soils!

  • Additional soil sampling at Wyatt’s West and along

northern strike extensions – results pending!

  • Drilling recently completed on 400 x 100 m

spacing, testing the Fenceline, Wyatt’s and eastern Ridge Cap prospects – results pending!

Page 8 Investor Update - August 2017

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Investor Update - August 2017 Page 9

MINARA NICKEL-COBALT PROJECT

The Minara Ni-Co project takes in two mineralised trends, covering recognised ultramafic units:

  • A. Waite Kauri Ni-Co Trend
  • Covers over >6 km of strike
  • Established geochem & drill targets at Wanaka,

Taranaki, Ruapehu & Kaikoura

  • Previous results include:

28 metres @ 0.68% Nickel & 0.08% Co 37 metres @ 0.83% Nickel & 0.06% Co

  • B. Welcome Well Ni-Co Trend
  • Covers over 6 km of strike - untested by geochem or

drilling

  • Systematic evaluation underway

These two trends have the capacity to produce significant deposits of nickel, with the cobalt potential yet to be properly assessed.

2 km

E 37/1215

Waite Kauri 1.3 Mt @ 1.33%Ni & 0.14%Co Wanaka Taranaki Ruapehu Kaikoura MINARA Ni-Co

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Investor Update - August 2017 Page 10

LEONORA GOLD PROJECTS

LEONORA GOLD PROJECTS

Exploration has commenced across the Leonora project areas:

  • 1. Ironstone Well
  • Extension of tenement area covering additional targets
  • Detailed evaluation of drill targets for resource drilling,

including the ‘Natasha’ prospect.

  • 2. Leonora East
  • Extensive tenure adjacent to Kin Mining projects
  • Detailed review in progress – multiple targets being

analysed for drill testing, including:

  • A. Giants Well – extensive Gold & PGE anomaly at ‘Sunspear’

with resource target at ‘River Run’

  • B. Chain Bore – extensive workings along 3km+ of strike,

untested by drilling with historical sampling showing high- grade gold mineralisation.

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Investor Update - August 2017 Page 11

IRONSTONE WELL GOLD PROJECT

  • Located 7 km northeast of Leonora
  • Tenure recently doubled in size through pegging additional

target areas at Ironstone North, Saw Pit & Acacia

  • Priority target at ‘Natasha’ – systematic drilling and deeper RC

dating back to 1990s, including: RWRC001 3 metres @ 5.19 gpt Gold from 57 metres RWRC002 12 metres @ 7.13 gpt Gold from 84 metres

  • G88 program shows ‘Natasha’ to be one of several targets in a

larger gold/sulphide-rich system associated with the Germatong Shear

  • Evaluation of Natasha shows grade increasing with depth - 1-3

gpt Au in oxide grading to >5 gpt at depth

  • Resource drilling planned for Natasha, also geophysics &

geochemistry to test larger system.

2 km

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Investor Update - August 2017 Page 12

LEONORA EAST GOLD PROJECT

  • Extensive tenure over more than 40 km of strike
  • Adjacent to ‘emerging producer’ Kin Mining NL’s

tenure and developing deposits

  • Historical deposits and mining areas evolving as

priority targets, including: 1. River Run – historical drilling shows potential to rapidly move to resource 2. Sunspear – extensive Au & PGE anomaly associated with historical gold workings, yet to be drill tested! 3. Baratheon – historical gold workings over more than 500 metres of strike, yet to be drill tested!

  • Numerous other locations being evaluated –

nuggetty gold* recently recovered at ‘Royal Harry’.

*See Page 4 for image.

Royal Harry Baratheon Normandy Benalla

Welcome Well (Co) Minara (Co)

Sunspear River Run

Mertondale 5 - KIN Tonto-Eclipse- KIN Quicksilver - KIN Mertondale 3-4 - KIN Bruno-Lewis - KIN Rangoon & Helens - KIN

PROPOSED KIN MINING PLANT SITE *Kin Mining tenure

  • utlined in red – G88

tenure in WHITE.

10 km

KIN

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Investor Update - August 2017 Page 13

ACTIVE WORK PROGRAM

  • Golden Mile has an active and focussed work program
  • Strategic ground holding in the Leonora region
  • Generating and developing the Company’s project

pipeline – working up ‘green fields’ areas to assist in building a strong asset base

  • Emphasis on prioritisation of targets and generating

the best value for investor – expenditure on ground

  • Working towards the estimation of JORC resources for

both Cobalt and Gold projects prior to the end of 2017

  • Active project generation to expand and extend G88’s

strategy project holdings and ensure ‘company making

  • pportunities’ are identified and progressed
  • High-quality projects and people - delivering result

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Investor Update - August 2017 Page 14

Jul-Sep 2017 Oct-Dec 2017 Jan-Mar 2018

G88 DEVELOPMENT SCHEDULE

Quicksilver P1 Drilling Quicksilver P2 JORC Drilling & JORC Estimate

Exploration Target

Minara Evaluation Minara Infill Drill & JORC Estimate

COBALT PROJECTS GOLD PROJECTS

Ironstone Evaluation

‘Natasha’ Infill Drill & JORC Estimate Leonora East Evaluation Giants Well & Chain Bore Recon Chain Bore Drilling Leonora East Sampling & Drilling Quicksilver Scoping Study Ironstone Geophysics Minara Extensional Drilling & Scoping Ironstone Interp, Targeting 7 Drilling

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Investor Update - August 2017 Page 15

COMPETENT PERSONS DECLARATION

The information in this report that relates to Exploration Targets, Exploration Results, Target Potential and Mineral Resources is based on information compiled by: Mr Timothy Putt who is a Member of the Australian Institute of Geoscientists, is an Executive Director

  • f Golden Mile Resources Ltd. Mr Putt has sufficient experience that is relevant to the styles of

mineralisation and type of deposits under consideration, and to the activity being undertaken, to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr Putt consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. Exploration Targets & Deposits The terms ‘Exploration Target’ and ‘Deposit’ should not be misunderstood or misconstrued as an estimate of Mineral Resources and Reserves as defined by the JORC Code (2012), and therefore the terms have not been used in this context. The potential quantity and grade of the ‘Exploration Target’ is conceptual in nature, that there has been insufficient exploration to estimate a Mineral Resource and that it is uncertain if further exploration will result in the estimation of a Mineral Resource. The current drilling density is insufficient to classify the mineralisation as a ‘Mineral Resource’ under the 2012 JORC guidelines.

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